Veeco's second-quarter revenue decreased by 2.4% and third-quarter revenue is expected to reach nearly US$100 million

OFweek Semiconductor Lighting Network OCVD equipment supplier Veeco announced the second quarter of 2014 (April-June) earnings of the US stock market on the 30th: revenue decreased 2.4% (quarter increase of 5%) to 95.1 million US dollars ( (RMB587 million). The industry’s loss per share was US$0.16 (RMB0.99), which was higher than the US$0.03 (RMB0.18) loss per share for the same period last year. According to the Capital IQ survey, analysts originally expected Veeco's second-quarter revenue and loss per share for the industry to be US$92.94 million (RMB 573 million) and US$0.18 (RMB1.11), respectively.

Looking forward to this season (July-September), Veeco expects revenue to be between 92 million and 110 million U.S. dollars (RMB 567 million to 617 million); the industry’s loss per share will be between 0.15 and 0.07 dollars. (RMB 0.93-0.43). Analysts had originally expected Veeco to record revenues of US$105.50 million (RMB 650 million) and US$0.03 (RMB0.19) per share for the July-September revenue and industry.

Veeco CEO John R. Peeler pointed out that MOCVD business conditions have improved compared to last year, but the company's other sectors have not been able to continue to improve. He said that from the company’s MOCVD orders and revenues in the first half of the year, the LED market trend is still quite positive; despite quarterly MOCVD orders fluctuate, it is estimated that the future will grow steadily, and the second half of the year will be better than the first half. The company will improve its operations, implement growth strategies, streamline personnel, and reduce operating expenses. It aims to achieve double-digit pre-business pre-tax depreciation prepayment (EBITDA) profits in 2015.

Philadelphia Semiconductor Index constituent stocks Veeco gained 0.79% to close at 35.77 (RMB 220.79) on the 30th, and fell 2.15% to US$35.00 (RMB 216.04) afterwards.